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COBINHOOD is a cryptocurrency service platform for the modern blockchain era. It was created with the average institutional and retail investor and trader in mind. COBINHOOD has successfully launched the world’s first zero-trading-fee cryptocurrency exchange, combined with Initial Coin Offering (ICO) Services in late 2017. Moreover, to reshape the future of the Internet with decentralized technology, the team launched DEXON - the fastest blockchain which aims at guiding mass adoption within the real-world application requirements. The new blockchain technology uses parallel blockchain systems that work together to form an infinitely scalable, low-latency, energy-efficient, fair and interchain operable fully decentralized transaction processing engine.
COBINHOOD’S system requires a complete performance and security solution to support the infrastructure they are built on. Maintaining high availability for end users considering rapid upswings or downswings in cryptocurrency rates and ensuring security for all users to prevent the risk of wallets being breached are two major considerations.
High availability, performance improvements with Cloudflare’s network; security enhancement with DDoS protection, and safeguarding from common OWASP and other attacks using Cloudflare’s Web Application Firewall.
“As a cryptocurrency trading platform, we need to provide a high frequency and low latency trading engine. We have to make sure that our clients have high network quality or they will look elsewhere“, says Cliff Lin, Site Reliability Engineer.
COBINHOOD, being a cryptocurrency exchange, is at high risk of being targeted by hackersand was researching a comprehensive solution that included DDoS, DNSSEC, SSL/TLS, and web application firewall. COBINHOOD’s research led them to conclude that Cloudflare solution was the best fit because of the well rounded nature of the platform.
“One of our most important considerations is keeping the whole system stable and reliable. Cloudflare helps us keep our production environment available and prevent system downtime from any unexpected situation.”